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Canada's Manulife launches benchmark Singapore dollar Tier-2 bond at about 3.20%
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Canada's Manulife launches benchmark Singapore dollar Tier-2 bond at about 3.20%
May 25, 2026 7:40 PM

SINGAPORE, May 26 (Reuters) - Canadian insurer Manulife

Financial Corp ( MFC ) has launched a 10-year Singapore

dollar-denominated subordinated Tier-2 bond with a non-call

period of five years, according to a term sheet on Tuesday.

Here are a few details:

* The initial price guidance for the offering was set at

about 3.20%, according to the term sheet.

* While the exact deal size was not disclosed, the issuance

is expected to be benchmark-sized, the sheet showed.

* The notes will be callable from June 4, 2031, subject to

regulatory approval, and are expected to receive an A- rating by

S&P Global Ratings.

* Proceeds from the bond sale will be used for general

corporate purposes, including investments in subsidiaries and

potential future redemptions of existing securities.

* DBS, HSBC ( HSBC ) and Standard Chartered ( SCBFF )

are the joint lead managers and bookrunners.

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